Unknown Analyst's questions to CEVA Inc (CEVA) leadership • Q3 2024
Question
An analyst from D.A. Davidson & Co. asked about CEVA's plans for its large cash balance, particularly regarding potential M&A to support its new growth phase and strategic focus.
Answer
CEO Amir Panush confirmed that CEVA is actively evaluating M&A opportunities to accelerate momentum, especially within its wireless connectivity portfolio, citing the successful integration of its Real Space audio acquisition as a model. CFO Yaniv Arieli added that in addition to M&A, the company will continue to deploy capital through its share repurchase program, which the Board recently expanded.